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DevelopmentGeorgiaLeasingNews

Stonecrest Resorts Signs 12 Tenants as Part of Stonecrest Mall Redevelopment in Metro Atlanta

by Hayden Spiess

Stonecrest, Ga. — Stonecrest Resorts LLC, developer of the Sears adaptive reuse project at The Mall at Stonecrest in metro Atlanta, has announced 12 new tenants coming to the development. Phase I of the redevelopment project, called Priví, was the arrival of the SeaQuest Interactive Aquarium that opened in November 2021. The second phase of the project is set to open this fall and include Hand & Stone Massage and Facial Spa; Baldwin’s Literary Social Bookstore & Coffee Bar; 3 Degrees Infrared Sauna Suites; The Lions Cage MMA Fight & …

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ColoradoInvestment salesNet leaseNews

Blue West Capital Negotiates $4.4 Million Sale of Firestone-Occupied Property in Colorado Springs

by Hayden Spiess

Colorado Springs, Colo. — Blue West Capital has brokered the sale of a single-tenant, net-leased retail building located at 1358 Republic Drive in Colorado Springs. A private REIT sold the property to a Florida-based investor for $4.4 million. Firestone Complete Auto Care occupies the 6,116-square-foot building, which was constructed in 2021, on a long-term, absolute triple-net lease that includes rental increases every five years. Brandon Gayeski and Zach Wright of Blue West Capital represented the seller in the transaction.    

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Radley
LeasingNew JerseyNews

Radley London Opens Location at The Mills at Jersey Gardens in Suburban Newark

by Hayden Spiess

Elizabeth, N.J. — British accessories brand Radley London, in partnership with Simon Property Group, has opened a new store in Elizabeth. The store is located roughly six miles outside Newark at The Mills at Jersey Gardens. This store marks the fifth retail location opened by the partnership. In addition to walk-ins, the store is open for virtual appointments.

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IllinoisLeasingNews

Bridalwear Brand Rosa Clará Signs 2,200-Square-Foot Lease in Chicago

by Hayden Spiess

Chicago — Luxury Spanish bridalwear brand Rosa Clará has signed a 2,200-square-foot retail lease at 670 N. Wabash Ave. in Chicago near the Magnificent Mile. The store is scheduled to open later this fall. Jordan Karp of Savills represented the tenant. In Spain, Rosa Clará is expanding its footprint in Valencia and Cordoba.    

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CaliforniaDevelopmentMixed-useNews

Anaheim City Council Approves $4 Billion ocV!BE Mixed-Use Entertainment District Surrounding Honda Center

by Hayden Spiess

Anaheim, Calif. — The Anaheim City Council has approved plans for the $4 billion ocV!BE mixed-use entertainment district to surround the Honda Center, home of the NHL’s Anaheim Ducks. With this approval, construction of the project is scheduled to begin before the end of the year. Plans for the 95-acre development call for a 5,700-seat concert hall, 50,000-square-foot market hall, 20 acres of public space, two hotels totaling 650 rooms, approximately 1.1 million square feet of office space and 1,500 apartments with a 15 percent affordable housing component. The site …

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DevelopmentNew YorkNews

Howard Hughes Opens 53,000-Square-Foot Tin Building Food Hall in Former Fish Market in Lower Manhattan

by Hayden Spiess

New York City — The Howard Hughes Corp. (NYSE: HHC) and chef Jean-Georges Vongerichten have opened the Tin Building by Jean-Georges, a 53,000-square-foot food hall at Pier 17 at the Seaport in Lower Manhattan. The new culinary destination is an adaptive reuse of the Tin Building, a historic waterfront property that once served as the site of the Fulton Fish Market. The new food hall features six new full-service restaurant concepts and six fast-casual counters, as well as three specialty retailers and bars serving wine, craft cocktails and craft beers. …

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CaliforniaGrocery-anchoredInvestment salesNews

SRS Brokers $17.3 Million Sale of Three Retail Outparcels at French Valley Marketplace in California

by Hayden Spiess

French Valley, Calif. — SRS Real Estate Partners has arranged the portfolio sale of three retail properties that are outparcels to French Valley Marketplace, located at 35958 Winchester Road in French Valley. A Southern California-based private developer sold the assets to a Southern California-based private investor for $17.3 million in an all-cash transaction. The three properties are: A 16,000-square-foot Grocery Outlet-occupied property that opened in late 2021. An 11,115-square-foot new construction property, which Rite Aid will occupy in late 2022. A 5,559-square-foot building currently under construction that Chipotle Mexican Grill …

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Har-Mar-Roseville-MN
Grocery-anchoredInvestment salesMinnesotaNews

CBRE Negotiates Sale of 446,308-Square-Foot Retail Center in Suburban Minneapolis

by Hayden Spiess

Roseville, Minn. — CBRE has negotiated the sale of Har Mar Mall in Roseville, a suburb just north of the Twin Cities. Located at 2100 Snelling Ave., the retail power center spans 446,308 square feet and is home to tenants such as Cub Foods, Burlington, Barnes & Noble, Marshalls, HomeGoods, Michaels and K&G Fashion Superstore. CBRE represented the seller, Clarion Partners. Fidelis was the buyer.

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Grocery-anchoredInvestment salesNewsVirginia

ShopOne, Pantheon Acquire Shopping Center in Metro Washington DC

by Hayden Spiess

Woodbridge, Va. — ShopOne Centers REIT Inc., in a joint venture with Pantheon, has acquired Lake Ridge Commons, a 74,367-square-foot shopping center located in Woodbridge, roughly 20 miles south of Washington, D.C.. Anchored by a 52,706-square-foot Giant Food, the center is also home to tenants including Banfield Pet Hospital and YogaSix.

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FinanceGrocery-anchoredInvestment salesNewsNorth Carolina

Northmarq Secures $21 Million in Acquisition Financing for Triangle Area Retail Center

by Hayden Spiess

Cary, N.C. — David Garfinkel of Northmarq’s St. Louis office has arranged $21 million in financing for the acquisition of Bradford Square, a 78,628-square-foot retail center located in the Raleigh suburb of Cary. Financing was secured in the form of a permanent-fixed loan from a life insurance company on behalf of National Real Estate Management (NRE). Anchored by Publix, the center was fully leased at the time of its sale to NRE, with tenants including Cary Salon, Night and Day Dental, First Watch, Brixx Wood Fired Pizza, Burger 21 and …

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